Unemployment and Primary Commodity Prices
Theory and Evidence in a Global Perspective
Format:Paperback
Publisher:Palgrave Macmillan
Published:1st Jan '99
Currently unavailable, and unfortunately no date known when it will be back
The book discusses the links between primary commodity prices and the OECD rate of unemployment. In particular it formalises and estimates a macroeconomic model which by endogenizing both the OECD rate of unemployment and primary commodity prices, is capable of accounting for the feedback running from the primary market back to the OECD economy. Simulations are also performed to provide insights into the propagation mechanism of an oil price shock and the role played by the various factors to determine the final effect.
ISBN: 9781349149742
Dimensions: unknown
Weight: 266g
182 pages
1st ed. 1999